Callon Petroleum Company

Rating Overview

Callon Petroleum Company is Lower Risk.

Callon Petroleum Company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Overall, Callon Petroleum Company does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Lower Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

In April 2024, Callon Petroleum was acquired by APA Corporation, forming APA Corporation. Prior to the acquisition, Callon Petroleum Company had a history of divisive corporate policies and practices. It is unclear whether these causes or policies were retained, modified, or discontinued by APA Corporation (1). Callon Petroleum Company promotes divisive sex and gender policies. Its Code of Business Conduct and Ethics requires international vendors to include sexual orientation and gender in their nondiscrimination policy (2). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Callon Petroleum Company does not discriminate against charitable organizations based on views or beliefs. Its “philanthropy program includes a Matching Gift Program for our employees who contribute to registered non-profit organizations” (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Callon Petroleum Company does not provide viewpoint protections for its employees (1)(2).